NEWS

Germany allocates €200 mln to Georgia for mobility, energy, infrastructure and biodiversity projects

German Ambassador to Georgia Hubert Knirsch signing the loan agreement in Tbilisi. Photo: Ministry of Finance.

Agenda.ge, 31 Jul 2020 - 12:49, Tbilisi,Georgia

Germany will allocate a €170 million loan and a €28.5 million grant to Georgia as part of an agreement signed today between the governments of Georgia and the Federal Republic of Germany.

In total Germany will allocate €200 million to Georgia which will be spent on the following projects:

Sustainable Urban Mobility in Georgia - €102 million
Open Programme Energy Efficiency in Georgia - €43.2 million
Utility Infrastructure For Environment and Tourism - €30 million
Biodiversity and Sustainable Local Development - Georgia - €18.5 million
Energy Efficiency Measures and Approximation of EU Energy Efficiency Standards in Buildings - Phase II - €1.8 million

To date, within the financial and technical cooperation with Germany, more than €1 billion in funding in the form of grants, technical assistance and soft loans have been allocated for Georgia.

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